Goldman Sachs predicts the S&P 500 will reach 6,000 by year-end 2023, driven by increasing profit margins and positive company earnings forecasts.
Analysts believe profit margins will rise to 12.3% in 2024 and 12.6% in 2026, a significant increase from the estimated 11.5% for 2023.
The macroeconomic environment supports margin expansion, as companies charge higher prices that outpace rising input costs, according to Goldman analysts.
Goldman's revised price targets reflect a strong stock market performance, with the S&P 500 already rising 20% year to date due to optimistic trends.
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